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PRECISION CUTTING, INC. - Florida Company Profile

Company Details

Entity Name: PRECISION CUTTING, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

PRECISION CUTTING, INC. is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act.

Status: Inactive

The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders.

Date Filed: 14 Jul 1994 (31 years ago)
Date of dissolution: 06 Jul 2022 (3 years ago)
Last Event: CORPORATE MERGER
Event Date Filed: 06 Jul 2022 (3 years ago)
Document Number: P94000052476
FEI/EIN Number 650504743

Federal Employer Identification (FEI) Number assigned by the IRS.

Address: 2924 NW 28TH STREET, LAUDERDALE LAKES, FL, 33311, US
Mail Address: 2924 NW 28TH STREET, LAUDERDALE LAKES, FL, 33311, US
ZIP code: 33311
County: Broward
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
CORPORATION SERVICE COMPANY Agent -
RICE GREGORY President 7501 ESTERS BLVD, IRVING, TX, 75063
BLACK JENNIFER G Vice President 7501 ESTERS BLVD, IRVING, TX, 75063
BARNETT LEE Secretary 7501 ESTERS BLVD, IRVING, TX, 75063

Fictitious Names

Registration Number Fictitious Name Status Filed Date Expiration Date Cancellation Date Mailing Address
G09000186017 PRECISION CONCRETE CUTTING EXPIRED 2009-12-17 2014-12-31 - 2924 NW 28TH STREET, FT. LAUDERDALE, FL, 33311

Events

Event Type Filed Date Value Description
MERGER 2022-07-06 - CORPORATION WAS PART OF A MERGER. QUALIFIED CORPORATION WAS F98000002821. MERGER NUMBER 900000228219
CHANGE OF MAILING ADDRESS 2022-04-13 2924 NW 28TH STREET, LAUDERDALE LAKES, FL 33311 -
CHANGE OF PRINCIPAL ADDRESS 2022-04-13 2924 NW 28TH STREET, LAUDERDALE LAKES, FL 33311 -
REGISTERED AGENT ADDRESS CHANGED 2022-01-28 1201 HAYS STREET, TALLAHASSEE, FL 32301 -
REGISTERED AGENT NAME CHANGED 2022-01-28 CORPORATION SERVICE COMPANY -
CANCEL ADM DISS/REV 2009-12-15 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2009-09-25 - -
REINSTATEMENT 1996-10-11 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 1996-08-23 - -

Documents

Name Date
ANNUAL REPORT 2022-04-13
Reg. Agent Change 2022-01-28
ANNUAL REPORT 2021-02-26
ANNUAL REPORT 2020-05-12
ANNUAL REPORT 2019-04-02
ANNUAL REPORT 2018-03-13
ANNUAL REPORT 2017-01-16
ANNUAL REPORT 2016-01-27
ANNUAL REPORT 2015-03-20
ANNUAL REPORT 2014-02-12

OSHA's Inspections within Industry

Inspection Nr Report ID Date Opened Site Address
336931787 0418800 2012-10-15 5200 N. FEDERAL HIGHWAY, LIGHTHOUSE POINT, FL, 32003
Inspection Type Referral
Scope Partial
Safety/Health Safety
Close Conference 2012-10-15
Case Closed 2013-06-10

Related Activity

Type Referral
Activity Nr 615910
Safety Yes

Violation Items

Citation ID 01001
Citaton Type Serious
Standard Cited 19260301 A
Issuance Date 2013-02-21
Current Penalty 960.0
Initial Penalty 1600.0
Final Order 2013-03-06
Nr Instances 1
Nr Exposed 1
Related Event Code (REC) Referral
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1926.301(a): Unsafe hand tool(s) were issued or permitted to be used: On 10/15/2012, at 5200 N. Federal Hwy, in the city of Lighthouse Point, a concrete worker was using a concrete cutter that had a crack in the housing.
Citation ID 01002
Citaton Type Serious
Standard Cited 19260451 B01
Issuance Date 2013-02-21
Current Penalty 960.0
Initial Penalty 1600.0
Final Order 2013-03-06
Nr Instances 1
Nr Exposed 1
Related Event Code (REC) Variance
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1926.451(b)(1): Each platform on all working levels of scaffolds was not fully planked or decked between the front uprights and the guardrail supports as specified in paragraphs 1926.451(b)(1)(i)-(ii): On or about 10/15/12, at 5200 N. Federal Hwy, in the city of Lighthouse Point, a concrete cutter was working from a scaffold that was not fully planked and struck his head with a construction circular saw during the process of cutting the cement wall.
Citation ID 02001
Citaton Type Other
Standard Cited 19260451 C02
Issuance Date 2013-02-21
Current Penalty 0.0
Initial Penalty 0.0
Final Order 2013-03-06
Nr Instances 1
Nr Exposed 1
FTA Current Penalty 0.0
Citation text line 29 CFR 1926.451(c)(2): Supported scaffold poles, legs, posts, frames, and uprights did not bear on base plates and mud sills or other adequate firm foundation: On or about 10/15/12, at 5200 N. Federal Hwy, in the city of Lighthouse Point, a concrete cutter was working from a scaffold that did not bear on base plates during the process of cutting the cement wall.

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
7570537004 2020-04-07 0455 PPP 2924 NW 28th St, LAUDERDALE LAKES, FL, 33311-1316
Loan Status Date 2021-01-20
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 105400
Loan Approval Amount (current) 105400
Undisbursed Amount 0
Franchise Name -
Lender Location ID 224982
Servicing Lender Name BNC National Bank
Servicing Lender Address 20175 N 67th Ave, GLENDALE, AZ, 85308-7000
Rural or Urban Indicator U
Hubzone N
LMI Y
Business Age Description Existing or more than 2 years old
Project Address LAUDERDALE LAKES, BROWARD, FL, 33311-1316
Project Congressional District FL-20
Number of Employees 7
NAICS code 238910
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 224982
Originating Lender Name BNC National Bank
Originating Lender Address GLENDALE, AZ
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 106108.52
Forgiveness Paid Date 2020-12-21
2579948401 2021-02-03 0455 PPS 2924 NW 28th St, Lauderdale Lakes, FL, 33311-2028
Loan Status Date 2021-08-07
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 103100
Loan Approval Amount (current) 103100
Undisbursed Amount 0
Franchise Name -
Lender Location ID 224982
Servicing Lender Name BNC National Bank
Servicing Lender Address 20175 N 67th Ave, GLENDALE, AZ, 85308-7000
Rural or Urban Indicator U
Hubzone N
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Lauderdale Lakes, BROWARD, FL, 33311-2028
Project Congressional District FL-20
Number of Employees 8
NAICS code 238910
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 224982
Originating Lender Name BNC National Bank
Originating Lender Address GLENDALE, AZ
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 103592.59
Forgiveness Paid Date 2021-07-27

Date of last update: 02 Apr 2025

Sources: Florida Department of State